Qureos, a Dubai-based edtech company, recently announced that it had raised $3 million in a pre-seed round and that it’s going to start operations in Pakistan. This is great news for the people in Pakistan because they will have several opportunities, exposure, and growth, which is not widely seen in other places. The investment round was led by COTU Ventures, a Dubai-based early-stage venture capital firm, and Colle Capital, a New York-based early-stage venture capital firm, according to the business release. Globivest, Plutus21 Capital, Dubai Angel Investors, and AlZayani Venture Capital also participated in the financing.
“The problem is not that talent does not exist. What we believe in is that there is no dearth of talent but it is not optimized,” says Usama Nini, co-founder of Qureos. “The three things that a graduate or someone who is switching careers needs are merits, a good network, and experience,” he says.
“It’s their discretion afterward to recruit or not. It’s between the businesses and apprentices there onwards,” says Usama.
With the fresh funding, the startup eyes expansion into Pakistan where it will be actively onboarding businesses to enable them to recruit apprentices. “Qureos plans to invest heavily in the country to create one million learning opportunities and facilitate over 100,000 jobs within the next 3 years,” read a statement from the company.
“With 29 percent of the population between the age of 15 to 29, Pakistan is an ideal country to focus on in line with the company’s mission to accelerate 100 million careers.”
“We believe that new learning models like Qureos, which combine cohort-based, synchronous education with community, are going to become more mainstream and disrupt traditional players,” said Amir Farha – Founder and Managing Partner at COTU Ventures.
All of this just proves how dedicated the Pakistani government is to ensure that the people of Pakistan have all the opportunities that they need to grow and flourish.
Victoria Grace, founder and managing partner at Colle Capital said: “We see tremendous opportunity in Qureos’ mission to bridge knowledge gaps and upskill professionals through leveraging the extraordinary pathway with direct mentorship.”
“Simultaneously this platform provides a fantastic opportunity for highly skilled individuals to directly monetize their knowledge base, compounded by distinct network effects, and for companies to access high quality and motivated pool of talent.”
We hope to see it become a success and to see other people also being able to benefit from this.